The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-09-05

vile & Terre Haute is good road and dividend
lame affair while the Peoria, Decatur 81 Evans
Vile has up- hill work, unless the crops are ex-
ceedingly bountiful. to meet its operating ex-
penses and fixed charges.
and United States express companies. through
which the former will secure the local express
business entirely on the Lake Shore road and
ths latter will get valuable territory IN exchange
& Springfield.
The c.. l., ST. L. & C. road earned in August
$23. 100 80. against s23 26S 16 in the correspond
ing month of 1856 The slight decrease is
wholly due to the reduction made in local rates
the 1st of April larger tonnage being car
ried this year than last An increase in passen-
ger earnings of 1922 Is shown this year.
VIM. r. McKeen. president of the t. III. &5 T..
and General Solicitor Williams, of the same
road were in the city on Saturday afternoon en-
route home from Cincinnati, where they had
been to look after some legal matters in connec-
ton with the late C., FL. 81 D. and Vandalia deal,
which came to such an abrupt termination.
The Cincinnati, Wabash & Michigan has be-
come a disturber Of rates on business between
Indianapolis and Chicago via Benton Harbor.
1t is stated shat their agents pay no attention to
ffs but work for tonnage regardless of the
profit in Carrying the freight The company has
the advantage of being part rail and part
water route.
The belief gains credence that III. S. Ives,
when ne took hold of the Vandalia deal, had no
making no provision for paying the employees.
vouchers for supplies etc. 1t is stated that if he
had held sway week longer there would
have been money in the treasury to pay off
operating expenses.
In the issue of the iointrate passenger
rate-sheet of the Central Traffic Association
some eight hundred points will he stricken out
making the rate sheet more simple and equally
valuable, as but little attention is paid to
sheets, any how, by the outside passenger agents,
who usually name rate which will catch the
party applying for ticket
President Dowd and General Manager Carson,
of the L., N. A. & C. road, have just made
careful inspection of the property and the for
mer expresses himself as highly pleased with its
condition physically. In financial way it has
certainly come out from under the clouds won
derfuly in the last year. Handsome earnings
and an economical management are doing won
ders for this road.
The impression prevails in Eastern railroad
circles that Albert s. Fink, on his return from
Europe, will resign as chairman Of the Trunk
line Association, and in that it is believed
that Geo. Blanchard, chairman of the Central
Traffic Association. will succeed Mr.. Fink
the trunk lines. Mr.. Fink does not return for
some sixty days, however, and no enc tell
what will come up In railroad circles before
that time.
A prominent railroad lawyer predicts that the
changes in railroad interests in the next ninety
days will be more remarkable than those of the
ninety days past. He bases this belief on the
fact that strong moneyed men are now taking
hold and are forming syndcates which mean
business. He predicts that the Baltimore Sc
Ohio, the Cincinnati, Washington g Baltimore,
and the Ohio & Mississippi roads Will all be IN
der the control of the Pennsylvania Company.
A meeting of the stockholders of the Chicago
e. Eastern Illinois Railroad Company is called
in Chicago, to be held Oct 81, to vote upon the
consolidation of the property and franchise of
the company with those of the Chicago, Danville
& st. Louis. the Strawn 81 Indiana State Line
the Momence 81 State Line and the Eastern Ill
inois g. Indiana State Line railroad companies
(branch aud subsidiary roads,. and upon the
making of n general consolidated mortgage under
which may be issued IS. 900, 600 bonds retire
outstanding bonds. 81 900 bonds per mile for
equipment, and SIS, 600 bonds per mile for
double track
The slowness with which work moves on the
new Union railway station is a matter
which there 10 much severe criticism. AS
railroad official puts it, there be a study
the part of the civil engineer and architect
to pick flaws and delay the work. The state
lnent is made that the Pennsylvania Railroad
Company has the money in its possession
raised on the Union railway bonds, and is pay
ing but per cent per annum interest for it and
is loaning it for per cent It is hardly
probable, however, that company of the stand
ing of the Pennsylvania Railroad Company
That the presidents and general managers of
the roads composing the Union Railway Com
pany are aside from those of the Pennsylvania
lines, disappointed at the slowness with which
the improvement proceeds is open secret.